Look at a 10 rupee note. What is written on top? Can you explain this statement?

0 votes
78 views
asked Jul 17, 2017 in Economics by Deepakk (585 points) 15 34

1 Answer

0 votes
answered Jul 17, 2017 by faiz (82,347 points) 6 6 11
 
Best answer

A ten rupee note has "Reserve Bank of India" written at the top, along with a statement "guaranteed by the central government", following it. It is a promissory note and can only be issued by the Reserve Bank of India which supervises all money-related functions in the formal sector, in India. The statement on the ten rupee bank note relates to this idea that the RBI is the central organ in the working of money-related activities.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

...